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ORANGE COUNTY EARNINGS

Oakley Posts Big Gains in 2nd Quarter Profits, Sales

July 19, 1996

IRVINE — Oakley Inc., the manufacturer of upscale, sporty sunglasses and goggles, posted solid gains in profit and sales in the second quarter.

Net income surged 32% to $15.7 million, or 44 cents a share, from $11.9 million, or 37 cents a share, a year ago, the company said Thursday. Sales advanced 37% to $62.8 million from $45.7 million. For the six months, net income showed a 32% gain to $26.7 million, or 74 cents a share, from $20.2 million, or 62 cents a share, for the six-month period last year. Sales increased 35% to $111.5 million from $82.3 million.

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